Grandbridge Real Estate Capital recently closed a $14,550,000 first mortgage loan secured by Brandywine Apartments, a 444-unit multifamily community in Wilmington, Del.

Grandbridge Tampa, Fla.-based Vice President Thomas Ware originated the transaction. The 20-year, fully amortizing loan, was arranged through one of Grandbridge’s life insurance company correspondents.

Built in 1978, Brandywine Apartments is comprised of 37, three-story garden-style apartment buildings on 25.47 acres of land.

About Grandbridge Real Estate Capital LLC

Headquartered in Charlotte, N.C., Grandbridge Real Estate Capital, a subsidiary of Branch Banking and Trust Company (BB&T), arranges permanent commercial and multifamily real estate loans; services loan portfolios; and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform, BB&T Real Estate Funding. The company is a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Seniors Housing, a Fannie Mae DUS^® lender and an approved FHA MAP and LEAN healthcare lender.

With a current servicing portfolio of $30 billion, Grandbridge, an S&P strong rated servicer, services loan portfolios and provides asset and portfolio management nationwide for all capital providers including Freddie Mac, Fannie Mae, Ginnie Mae, insurance companies, banks and more than 250 securitizations. More information about Grandbridge and its full line of products and services is available at Grandbridge.com.

About BB&T

BB&T is one of the largest financial services holding companies in the U.S. with $220.7 billion in assets and market capitalization of approximately $40.6 billion as of March 31, 2018. Based in Winston-Salem, N.C., BB&T operates more than 2,000 financial centers in 15 states and Washington, D.C. More information about BB&T and its full line of products and services is available at BBT.com.